Social Impact Bond Funds: “Getting Rich Doing Good”

Here are two articles that, taken collectively, point to a way to get human services costs under control on a purely results-based financial model.   By connecting a measureable social outcome – one that can demonstrate real public cost savings – with a profit motive, both investors and tax payers are winners. 

Bridge Meadows: Leveraging Grandma's moxie for the benefit of foster kids Oregonian

In the article above, The Oregonian has praised the Bridge Meadows project Guardian Real Estate Services developed for the non-profit owner/operator.  The program will without question demonstrate real savings in myriad components of our social services delivery system.  These savings will be realized when the foster children served by the program do not continue as recipients of assistance from public sector services throughout much, if not all, of their lives.  Multiple studies show the heavy long-term costs associated with a high percentage of children who have been in the foster care system.  If, as could occur with implementation of a Social Impact Bond approach as described in the article below, only a portion of that documented savings was returned to bond investors it could stimulate investors to provide the capital funds to replicate the Bridge Meadows model throughout the state.

Implementing something like the Social Impact Bond program will be a difficult political sell, but I am willing to roll up my sleeves to take on that sales job.  I know many others would be as well. 

Getting Rich Doing Good By Thomas K. Grose, London. 
J. Daniel Steffey
Senior Vice President, Development

Fair Housing

Fair Housing is a fundamental component of multifamily property management and one in which we hold in high regard at Guardian Real Estate Services.  Guardian is a proponent of strong Fair Housing policies and practices.  We have worked for years to ensure that all prospective residents and residents receive equal, fair and non-discriminatory treatment during the rental process and during their tenancy.

In the Portland area, a lot of press has been dedicated lately to the subject of illegal discrimination in rental housing.  Recently, Guardian was incorrectly named in a round of tests as being in violation of Fair Housing laws.  In other markets, much is also being discussed about undocumented applicants and new laws are being put into place.  This will also continue to be a hot topic and we take both subjects very seriously.

Guardian Real Estate Services will continue to ensure that we are not only in compliance with the law but are also leading by example.  

Tom Brenneke
President

Article: Commissioner Nick Fish has released list of properties found to have discriminated in housing audit Oregonian

Apology Letter From Portland Housing Bureau